For Nov 2017 exams, for both groups.....can i follow the Board syllabus for 2015 additions

Dear Experts

A very good evening to all the experts here.

One of my friends who has received an amount of Rs 35.00 Lac's from sale of immovable property whose consideration was received in the form of Cheque which he deposited in his Saving Bank Account. He wish to withdrawal the said money from bank in cash.

In the matter the query is that :
(1) Is there any monetary limit from IT Dep't regarding withdrawal money in Cash from saving bank account ?
(2) If yes, then how much maximum money can be withdrawal without any trouble.

It is known that depositing of Cash of Rupees More than 10.00 Lacs with be reported by the bank in the Annual Information Return (AIR)...... Is there any limit for reporting by bank for CASH WITHDRAWAL from SAVING BANK Account.

Can he opened the Current Account..... Transfer the Saving Bank Account into that Current Account and then withdrawal the amount in Cash ....


KINDLY SUGGEST THE BEST OPTION.

Your earlier reply in the matter will be very much helpful with thanks and regards.

How to apply for composition scheme. what is the last date.

My friend receive gratuity and leave encashment on death of his father. But the employer has deducted tax on the same. How can i claim the refund for the same from the employer as per Circular No. 573 dated 21.08.90. May please advise. My friend had register himself on online portal of efiling income tax as legal hier for the same.

in private sector when amount of gratuity is paid by employer. this expenses in which manner allows to employer as expense allowable under PGBP ?

I've a client who is registered under Service Tax one month ago now Migration is important but the Provisionsl ID and password is not showing.

Dear Sir / Madam,

We have shipped Material through a Big and Reputed Transporter and asked to give a LR with Freight and GST Amt mentioned in it. But they replied that they are not charging GST.

Now my Questions are -

1) Why are Trasporters not charging GST inspite of they being Registered under GST ?

2) Is GST chargeable on Transportation Charges or Not ? Is there any Exemption limit ?

3) If GST is chargeable, then at what rate ?

4) Who has to pay GST ? Transporter or We the Consignor ?

5) If We pay GST to Transporter then can we take it as ITC ?

Thanks & Regards,
Rachana

A practical doubt. A product in the stock of a retailer. It has 5 % Excise duty and 5 % VAT. So if the selling price is 100 he sold it as 100 plus 5 % VAT and 105. Suppose Now GST for the same product is 12% he sold it for 112.Customers are paying 7 Rs more. Is it the correct procedure the retailer is doing ?

Quick question.. seek advise from Income Tax experts knowing about Capital Gains from Sale of Residential Property..

Residential property 1:

Application/Allotment Date: April 2009
Registration Date: 16 November 2009
Possession Date: 25 December 2011

Total Cost: INR 50 lakhs

Likely Sale Consideration (Net): 1.7 crores (Sale Date: July or August 2017)

Residential property 2:

Application Date: 16 Nov 2013
Allotment Date: 17 Jan 2014
Registration Date: 2 May 2014
Possession Date: July/August 2017

Total Cost: INR 43 lakhs

Question: What would the long term capital gain here on property 1? When should the sale agreement of property 1 be made so that exemption u/s 54 can be taken on property 2?

if we use a brand which is registered in the name of some other Co and that registration is in force then whether gst will be applicable..